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On the horizon

January 5, 2024
in Business
On the horizon
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2023 left a bitter taste in the mouths of Nigerians. It was a year rife with struggle, suffering, and skyrocketing prices. The general election saw President Muhammadu Buhari hand over to President Bola Ahmed Tinubu, who “won” against major rivals like Peter Obi and Atiku Abubakar.

Other major events included the Central Bank Governor Godwin Emefiele’s controversial currency change, which restricted cash flow. Insecurity plagued the east, where militants enforced “stay-at-home” directives, and the middle belt and north, where bandits, kidnappers, herdsmen, and Boko Haram wreaked havoc.

It was not a peaceful year. Citizens felt like puppets manipulated by those in power, especially during elections, when politicians transformed into Santa Claus, handing out gifts and money for votes.

A downward spiral under Tinubu

Since President Tinubu took office, things have worsened. Inflation is at an all-time high, with petrol reaching 650 Naira per litre in some places. The Naira has plummeted against major currencies like the dollar and pound. Borrowing continues unabated, unemployment lingers, and families struggle to afford basic necessities. Transportation costs have ballooned, making it difficult for even employed citizens to reach work on time. Foreign companies are abandoning Nigeria due to the bleak economic outlook. Brain drain is also rampant, with professionals in crucial fields leaving for better opportunities abroad, a phenomenon known as the “Japa syndrome.”

Facing the challenges, charting a new course

With these problems plaguing Nigeria, it’s time for a change. We must ask the difficult but necessary question: Is it time for a revolution?

Signs of dissatisfaction are already present. The Biafran secessionist group exemplifies this, though their tribalistic focus undermines the unity essential for a successful revolution. The “EndSARS” protests demonstrated Nigerians’ ability to unite against common issues, tragically short-lived by the Lekki tollgate shooting.

Moving Forward in 2024

In 2024, Nigerians must become more active in their country’s affairs. We must hold the government accountable for any discrepancies or lack of due process. Only through active engagement can we build a better future for generations to come.

The government, in turn, must implement progressive policies to revitalise the economy, strengthen political institutions, improve military effectiveness, and enhance foreign relations.

2023 was a bitter year, but 2024 can be a year of hope and progress. We, the people of Nigeria, must work together to make it so.

>>> Read full article>>>
Copyright for syndicated content belongs to the linked Source : Businessday.ng – https://businessday.ng/opinion/article/on-the-horizon/

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